I do my fair share of $300k-$700k sales here in Los Angeles don't get me wrong, but my easy math brain loves using the even numbers for examples!

For us its simple math, if we can sell it on the secondary market for 90 cents on the dollar, lets offer the borrower 5-10% discount to pay off the loan and we still win and the borrower also wins. 

So you can do the math.

On the lender ask them for a non binding term sheet so you can see their math ahead of time.  

And do not go into over-saturated, over-regulated areas....do your homework big time...

Hopefully you have a great relationship with your lender, if the math works out that you really should do a refinance, at least do it with the same lender so they are Net even once they are hit with the EPO. 

We won’t make a loan unless we know the borrower will earn a fair profit.The math works regardless of location or strategy, @Drago Stanimirovic.

If you don't do the homework, you will give them the impression you may not be up to doing the homework with real estate investing.

The letter they sent me said it would take 45 to 60 days to get access, which would have been horrible.As soon as I got access to the account I had a lot of home work to switch over all my accounts from my last bank.  

I did the math and I can get the same rehab loan amount from a HML but I will pay slightly more every month.